1. The object of guarantee is a wholly-owned subsidiary of the company, which is a normal business activity. The company has absolute control over it, is in good operating condition, and its financial risks are under effective control.
Its guarantee will not harm the interests of the company and shareholders; At the same time, Yunshikong provided counter-guarantee for this guarantee.
2. The guarantee behavior meets the actual business needs of the company and its subsidiaries and will not adversely affect the normal operation and business development of the company. The contents and decision-making procedures of this guarantee comply with the requirements of relevant laws and regulations such as the Guidelines for the Standardized Operation of Listed Companies on Growth Enterprise Market of Stock Exchanges and the Listing Rules on Growth Enterprise Market of Stock Exchanges, and safeguard the interests of all shareholders.
3. Relationship between subsidiaries and parent companies
(1) The subsidiary is actually controlled by the parent company. The so-called actual control means that the parent company has the actual decision-making power over all major matters of the subsidiary, especially the composition of the board of directors of the subsidiary. The parent company may appoint multiple directors of the board of directors by exercising its power without the consent of others. Although some trust institutions own a large number of shares in the company, they do not participate in the actual control of the company's affairs, so they do not belong to the parent company.
(2) The control relationship between parent company and subsidiary company is based on the ownership or control agreement of equity. According to the majority voting principle of the shareholders' meeting, the more shares you own, the more you can get the decision-making power on the company's affairs. Therefore, if a company owns more than 50% of the shares of another company, it is bound to be able to control the company. But in fact, due to the dispersion of shares, as long as you own more than a certain proportion of shares, you can obtain the majority voting rights at the shareholders' meeting and obtain the controlling position. In addition to share control, the relationship between parent company and subsidiary company can also be formed by concluding some special contracts or agreements to make one company under the control of another company.
(3) The parent company and subsidiaries are independent legal persons. Although the subsidiary is under the actual control of the parent company, many aspects should be managed by the parent company, and some of them are even similar to the branches of the parent company, legally speaking, the subsidiary is still an independent company with legal person status. Have its own company name and articles of association, and conduct business activities in its own name. Its property and the property of the parent company are independent of each other and each has its own balance sheet. In terms of property liability, subsidiaries and parent companies also bear their own property liabilities to the extent of all their property, and there is no correlation between them.